General
eTranzact Throws Party for Outgoing Chairman Felix Ohiwerei
By Modupe Gbadeyanka
Leading provider of mobile banking and payment services, eTranzact International Plc, over the weekend organised a dinner party to celebrate its pioneer and out-going chairman, Mr Felix Ohiwerei, who has distinguished himself as a leader worthy of emulation.
The celebration which was in grand style and well attended by the board, management and staff of eTranzact, friends and stakeholders in the e-payment industry, was held at Oriental Hotel, Victoria Island, Lagos, on Friday, February 9, 2018.
It was an evening of music, fun, networking and sharing of ideas, a pleasurable moment where the life and achievements of the celebrant was shared. Members of the board of the company also highlighted the contributions of Mr Ohiwerei to the development of the organization.
Speaking at the event, Mr Valentine Obi, Founder/Chief Executive Officer, eTranzact, said the exemplary life of Mr Ohiwerei, his goodwill, strong commitment to innovation and creativity was a major factor that fostered the success recorded by the organization over the years.
Mr Obi further affirmed that Mr Ohiwerei was a source of encouragement and inspiration that triggered him to move ahead in the early days of his business.
“He has mentored me in many ways and l pray that God should keep him, so that l can learn more from him,” he stated.
He attributed Mr Ohiwerei’s enviable qualities to his series of trainings and self-discipline, which has earned him the reputation garnered as the chairman of the company and also in the e-payment industry.
A member of the Board of Directors of the firm, Mr Wole Abegunde, testified to the good qualities of the celebrant, his intelligent ideas that has left many amazed and has been the bedrock of the numerous achievements made by eTranzact.
In his response to the accolades showered on him, Mr Ohiwerei commended eTranzact for honouring him and prayed that the virtues he left behind should be sustained.
He said “with profound gratitude, l laud Mr Obi and the management of the company for their concern in appreciating the innovative and creative ideas l introduced in ensuring that eTranzact remains the leader in e-payment in the country.”
Mr Ohiwerei, who hails from Uzebba in Owan Local Government of Edo State, has had a distinguished business career, both locally and internationally with vast knowledge of the terrain he operates.
He attended University College, Ibadan (now University of Ibadan) and holds an Honorary Doctor of Laws Degree (LL.D) from the same institution. He is a Fellow, Nigerian Marketing Association; Fellow, Geography Society of Nigeria; Fellow, Institute of Directors; and Fellow, Advertising Practitioners Council of Nigeria.
He is also a recipient of the Zik’s Prize in Leadership Award, the Order of Orange Nassau by the Queen of the Netherlands and Officer of the Federal Republic of Nigeria (OFR) among other recognitions.
The e-payment company which was established in September 2003 has evolved into a brand with global reach extending its innovative services to include products which cut across virtually all aspects of the e-payment platform such as Mobile, Web, ATM, and Point of Sales (POS) terminals.
eTranzact currently partners and has real-time connection with over 50 commercial banks and 350 microfinance Institutions across Africa.
They are also a leading Third-Party Processor (TPP) for MasterCard in Africa, and a major MTO hub in Africa, providing secure, convenient and low cost local and International funds remittance program in the continent.
It currently has operations in Nigeria, South Africa, and Ghana with cutting-edge solutions based on security, convenience and affordability.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
General
Dangote Refinery Warns Against Artificial Petrol Scarcity
By Modupe Gbadeyanka
Local crude oil refiner, Dangote Petroleum Refinery, has kicked against attempts to put consumers of premium motor spirit (PMS), otherwise known as petrol, under untold hardship in the country.
The company, which commenced nationwide sales of the product at a pump price of N739 per litre across all MRS Oil Nigeria Plc filling stations, appealed to Nigerians to report any of its marketers who sell above this price.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable.
“We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the Lagos-based refinery said in a statement.
It noted that the significant price reduction was part of its mission to deliver affordable fuel to consumers and stabilize the downstream petroleum market.
With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.
Dangote Refinery applauded marketers who have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.
“We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.
Historically, the festive season has been associated with fuel scarcity and sharp price hikes. However, Dangote Refinery has delivered a decisive market intervention—crashing pump prices at a time when Nigerians typically brace for hardship. Backed by a guaranteed daily supply of 50 million litres, this initiative fundamentally alters the supply dynamics during the holiday period.
By refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilizing the Naira, and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses, and transport operators nationwide.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
“We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 0800 123 5264,” the refinery said.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” it added, reaffirming its commitment to steady supply, price moderation, and energy security, emphasizing that its operations are anchored on long-term national interest rather than short-term market pressures.
“Our objective remains clear: to ensure consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery concluded.
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